Latest news with #Timex
Economic Times
3 days ago
- Business
- Economic Times
Smallcap mania is back. But do Q4 earnings really justify the multibagger hype?
A blistering rally in smallcap stocks is reigniting investor dreams of overnight riches but the numbers are telling a far more complicated story. With the BSE Smallcap Index up nearly 10% in one month, retail participation is surging, echoing the speculative fervor of the last bull market that climaxed in September 2024. And the excitement isn't just index-level: in the last one month, a staggering 69 smallcap stocks have delivered over 30% returns. Among the biggest gainers, Suven Life Sciences surged 83%, while GRSE, Timex, IFCI, Nelcast, and HLE Glascoat all rallied at least 50%. ADVERTISEMENT But while prices soar, fundamentals remain shaky and earnings aren't keeping pace with the hype. 'Indian smallcaps and midcaps seem to have outperformed largecaps in Q4 FY25, but the numbers tell a different story,' said Akshay Badjate, Fund Manager at Merisis PMS. 'Our analysis of the top 750 listed companies shows smallcaps lagging in profit growth, with a median PBT growth of just 4% compared to 11% for the top 250 largecaps. Many smallcaps even posted flat or negative growth, undermining the narrative of a broad-based rally.' Despite the tepid performance on the bottom line, investor appetite has remained insatiable. The Nifty Smallcap 250 has rallied 9% in the last two months, triple the 3% rise seen in the Nifty 50. Badjate attributes this surge to 'liquidity, retail enthusiasm, and domestic growth optimism,' but warns that the disconnect between price and performance may not be sustainable.'Our view at Merisis Advisors is cautious,' he said. 'While select smallcaps with strong fundamentals remain appealing, the segment risks a correction if earnings don't align with valuations. We're trimming smallcap exposure and leaning into largecaps and large midcaps, where we see better operational momentum and value.' Also read | Rs 7 lakh crore boom in just 10 days! Is the smallcap stocks party getting out of hand? ADVERTISEMENT Q4 did deliver a few bright spots for the broader market. 'The Nifty Midcap 150 reported 15% YoY profit growth and the Smallcap 250 delivered 12%. Margin performance was largely stable in midcaps, though smallcaps saw some pressure,' said Krishna Appala, Fund Manager at Capitalmind Appala also flagged that the earnings catch-up story has its limits. 'Valuations remain stretched — midcaps trade at 34x and smallcaps at 32x trailing earnings, well above the 22x seen in largecaps. The divergence between earnings and valuations in the broader market calls for greater selectivity.' ADVERTISEMENT He further added that while largecaps may appear sluggish, they now offer a better risk-reward profile. 'Despite the sharp upmove recently, largecaps currently offer a better balance of earnings visibility and valuation comfort on a forward-looking basis. The environment today rewards fundamentals and discipline over broad-based exposure — especially when mid and smallcap multiples leave little room for error.'Still, not all fund managers are ready to write off smallcaps just yet. Vaibhav Chugh, Director and Head of Sales at Whiteoak Capital AMC, sees rich opportunity in the chaos — provided investors pick wisely. ADVERTISEMENT 'Yes, the result season started slow but as it progressed, midcaps and smallcaps have surprised on growth trajectory as well as upgrades to downgrades statistics,' Chugh said. 'We continue to be overweight small caps. We find relatively high alpha opportunities due to the heterogeneity of business models, sectors and sub-sectors in the smallcap space — which is the ideal setup for bottom-up stock pickers.' With nearly 70 smallcap names delivering eye-popping returns in a matter of weeks, the lure of the next multibagger is proving hard to resist. But experts caution that investors need to tread carefully — the fundamentals are not as broad-based as the rally suggests, and elevated valuations leave little room for disappointment. The smallcap story is far from over, but chasing momentum without earnings to back it could lead to painful lessons. Also read | Sensex soars 10,000 points from April lows. But India Inc's Q4 numbers expose cracks in market rally (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
New York Post
23-05-2025
- Sport
- New York Post
The reality behind Juan Soto's slow start — even if the $765 million man doesn't believe it
Access the Mets beat like never before Don't miss Mike Puma's text messages from Queens and beyond — he's giving Sports+ subscribers the inside buzz on the Mets. Sign up Now Juan Soto continued on his tour of rejected teams from his well-watched Soto Sweepstakes, with the Shohei Ohtani Dodgers in town to face Soto's Mets following Soto's foray to Fenway and his memorably loud and poorly received return to the Bronx. While Soto's performance is statistically above average, by the standards of his record $765M deal it hasn't exactly been a tour de force and unfortunately requires some explanation. Soto's agent, Scott Boras, likened Soto to an expensive timepiece that requires some care and just a little bit of effort. 'It isn't an automatic Timex,' Boras said. 'It's a fine Swiss watch – just wind it up and it's superb.' The hitting savant Soto may be the Audemars Piguet of ballplayers, but he prefers practicality and comfort in a watch and wasn't necessarily moved by the metaphor. He's less than two percent into his 15-year Mets deal, and he's thinking more calendar than wristwatch.
Mint
22-05-2025
- Business
- Mint
Small-Cap stock Timex Group hits 10% upper circuit, scales all time high amid Stock market crash
Stock Market Today: Small-Cap stock Timex Group share price gained 10% during the intraday trades on Thursday to hit upper circuit. The stock scaled all time high even as stock market crashed and when the S&P BSE Sensex lost more than 1% during the intraday trades Small Cap Stock-Timex Group share price opened at ₹ 243.95 levels on the BSE on Thursday. At the time of opening Timex Group share price was more than 1% higher than the previous days closing price of ₹ 240.20.10. The Timex Group share price however gained during the morning trades to the intraday highs of ₹ 264.20 , which meant gains of 10 for the Timex Group share price. This was on a day when the Stock Market Crashed and the S&P BSE Sensex declined more than 1% during the intraday trades. Notably the level of ₹ 264.20 for Timex Group share price which meant gains of 10% was also the upper price band for the Timex Group share price. Hence the Timex Group share price had hit upper circuit limit abd was locked at the same level during the intraday trades on Thursday The Small Cap Stock Timex Group share price that was trading at close to ₹ 21 Levels in May 2020 and ₹ 31-32 levels in May 2021 has risen multi fold during last 4-5 years. The sTimex Group share price thereby has given Multibagger returns to the investors The intraday high for Timex Group share price on Thursday was also one year high as well as record high for the Timex Group share price. During the March 2025 quarter Timex Group India Ltd had reported Net profit growth of 30.5% to ₹ 9.24 crore, as earnings before interest, taxes, depreciation, and amortization (Ebitda) expanded at a robust double-digit pace of 35%. Small Cap Stock Timex Group highlighted that Timex, the core brand, posted robust growth of 44% in the quarter Helped by multi-channel expansion, product innovation, and a rise in the market share of the Timex brand, Timex Group India Ltd.'s revenue from operations jumped by 47% to ₹ 135.41 crore in the January to March 2025 quarter (Q4FY25) compared to the same quarter last year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Fashion Network
13-05-2025
- Business
- Fashion Network
Timex expands into quick commerce with Swiggy launch
Watch business Timex has entered India's quick commerce segment with the launch of its collections on Swiggy Instamart. The move marks an extension of the company's omni-channel strategy, offering consumers instant access to Timex and TMX watches, including its TMX Kids range. 'Quick commerce is redefining how brands connect with consumers, offering speed, convenience, and accessibility like never before," said Timex India's managing director Deepak Chhabra in a press release. "As this space continues to grow, it's crucial for brands to evolve alongside it. At Timex, we are proud to strengthen our presence on platforms like Swiggy Instamart, ensuring our products are easily accessible to consumers, offering them a seamless shopping experience in just a few clicks." The initiative is aimed at catering to time-sensitive purchase needs, especially for occasions such as birthdays or anniversaries. Products are currently available in Delhi NCR, Bangalore, Hyderabad, and Mumbai, with plans to expand to more cities across the country. Prices for Timex's TMX Kids range start at Rs 699, while the wider Timex collection spans Rs 1,500 to Rs 7,000. The label's watches are also available through Flipkart-Minutes and Myntra -Now. Timex Group India Ltd retails over 5,000 trade outlets and online marketplaces and manages 40 exclusive franchise stores under Just Watches and Timex World. The quick commerce launch reflects its continued focus on accessibility and consumer convenience as these values continue to gain prominence amongst Indian consumers.
Business Mayor
08-05-2025
- Business
- Business Mayor
Timex India eyeing deeper digital footprint as FY25 total income rises 28%
New Delhi: Watchmaker Timex Group India Ltd (TGIL) is doubling down on digital channels, including e-commerce and quick commerce, following a strong financial performance in FY25. On Wednesday, the company has reported a strong 46 per cent year-on-year growth in total income for the quarter ended March 2025, reaching Rs 136.1 crore compared to Rs 93.5 crore in the same period last year. In FY25, its total income grew by 28 per cent to Rs 540 crore from Rs 422 crore in FY24, capping the company's best-ever annual performance, according to a regulatory filing. The company's EBITDA for Q4 stood at Rs 15.08 crore, up from Rs 11.17 crore in the year-ago period. Profit before tax during the quarter increased to Rs 13.04 crore from Rs 9.38 crore last year. With a growing share of sales coming from online platforms, TGIL is expanding its digital strategy beyond traditional e-commerce and foraying into quick commerce with platforms such as Flipkart Minutes, Myntra Now, and Swiggy Instamart. Talks are also underway with Blinkit and Zepto, as per the company's statement. 'We are committed to building on this momentum and amplifying brand presence across the length and breadth of the country and touchpoints right from quick commerce to retail outlets,' said Deepak Chhabra, managing director of the company. 'Consumers' love and loyalty for Timex is inspiring and keeps us going.' E-commerce sales grew 29 per cent during the fourth quarter, with direct-to-consumer platforms like and contributing to the brand's digital-first strategy. Quick commerce, a relatively new retail channel for watches, is expected to boost last-mile delivery efficiency and help Timex tap impulse-driven purchase behavior, especially in urban markets. The move aligns with rising consumer demand for faster, on-demand access to fashion and lifestyle products. As part of its growth strategy, the company focused on premium product lines, high-impact campaigns, and global collaborations. Brand partnerships included names like Jacquie Aiche, Fortnite, The New Yorker, and Giorgio Galli, along with marketing tie-ups such as IPL, India Beach Fashion Week, and Elle Fashion Gala. Timex Group India is expected to continue building on its multi-channel momentum and premium positioning in the evolving Indian watch market.
